International Trade in Goods and Services, Australia

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Statistics about international trade in goods and services, on a balance of payments and international trade basis.

Reference period

February 2022

Released

7/04/2022

View all releases

Key statistics

The seasonally adjusted balance on goods and services surplus decreased $4,329m to $7,457m in February.
Goods and services credits (exports) rose $120m (0%) to $48,769m, driven by a rise in exports of Non-monetary gold and Cereal grains and cereal preparations.
Goods and services debits (imports) rose $4,449m (12%) to $41,312m, driven by increases in imports of Processed industrial supplies n.e.s and Fuels and lubricants.

Main features

Key Figures, Seasonally Adjusted
		Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)	Jan-22 to Feb-22 ($m)	Jan-22 to Feb-22 (%)
Balance on goods and services		8,236	11,786	7,457	-4,329	na
	Credits (Exports of goods & services)	45,843	48,649	48,769	120	-
	Debits (Imports of goods & services)	-37,607	-36,863	-41,312	4,449	12

na not applicable
- nil or rounded to zero (including null cells)

Balance on goods and services
	Seasonally Adjusted ($m)
Nov-20	5,512
Dec-20	8,322
Jan-21	9,803
Feb-21	8,715
Mar-21	6,782
Apr-21	9,059
May-21	9,900
Jun-21	11,359
Jul-21	12,958
Aug-21	12,442
Sep-21	10,948
Oct-21	10,495
Nov-21	9,492
Dec-21	8,236
Jan-22	11,786
Feb-22	7,457

Balance on goods and services

["","Seasonally Adjusted"]

[["Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22"],[[5512],[8322],[9803],[8715],[6782],[9059],[9900],[11359],[12958],[12442],[10948],[10495],[9492],[8236],[11786],[7457]]]

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COVID-19

Suspension of trend estimates

The trend series attempts to measure underlying behaviour in international trade activity. In the short term, this measurement will be significantly affected by the COVID-19 pandemic and subsequent changes to regular patterns in international trade resulting from it. If the trend estimates in this publication were to be calculated without fully accounting for this unusual event they would provide a misleading view of underlying international trade activity.

It may be some time before the underlying trend in international trade activity can be accurately estimated. The trend series has therefore been suspended from March 2019 and will be reinstated when more certainty emerges.

Seasonal adjustment and COVID-19

International Accounts uses the concurrent seasonal adjustment method, meaning that seasonal factors are re-estimated each time new data becomes available. If not appropriately accounted for, unusual events such as COVID-19 can distort estimates calculated using this method. From March 2020, seasonal factors for series that have been notably impacted by COVID-19 will be calculated using data up to and including February 2020, then projected from March 2020 onwards. This approach, known as the forward factor method, ensures that seasonal factors are not distorted by COVID-19 impacts.

The ABS has advised users that it moved to using forward factors for seasonal analysis of a number of series, including Travel Services. Current ABS (and international) practice requires at least three years of data to assess whether a change in seasonal pattern has occurred. Should COVID-19 result in a long-term change to the seasonal pattern then revisions to these series may occur in the future. The ABS will consult with users on any future methods changes to seasonal adjustment and potential revisions. The Feature Article International travel services time series outlines the matter in greater detail.

Quality of international trade in services statistics

Monthly International Trade in Services statistics (ITS) are compiled using multiple data sources. These data, compared with the publication reference period, are lagged. The lag in data results in most ITS estimates being nowcast when initially published. In recent times, these estimates have been more volatile, due in part to COVID-19 but also due to services data availability. While the Australian Bureau of Statistics (ABS) make every effort to ensure estimates of monthly ITS are reflective and robust, in the current environment, the ABS recommends monthly services estimates be interpreted and used with caution. The International Trade in Services; Concepts, Source and Methods outlines this in further detail.

Changes to timing of release of International Trade, Supplementary Information, financial year (2020-21) and calendar year (2021)

COVID-19 has impacted the availability and quality of source data used to compile international trade in services estimates. As a result the 2020-2021 and 2021 International Trade, Supplementary Information publications (former cat. Nos. 5368.0.55.003 and 5368.0.55.004) have been delayed. Both publications are expected to be released commencing from June 2022.

Changes in this issue

Balance on goods and services

In seasonally adjusted terms, the balance on goods and services was a surplus of $7,457m in February 2022, a decrease of $4,329m on the surplus in January 2022.

Balance on goods and services(a), seasonally adjusted
			Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)	Jan-22 to Feb-22 ($m)	Jan-22 to Feb-22 (%)
Balance on goods and services			8,236	11,786	7,457	-4,329	na
	Total goods and services credits		45,843	48,649	48,769	120	-
		Total goods credits	41,089	43,810	43,974	164	-
		Total services credits	4,753	4,839	4,794	-45	-1
	Total goods and services debits		-37,607	-36,863	-41,312	4,449	12
		Total goods debits	-32,258	-31,274	-35,417	4,143	13
		Total services debits	-5,348	-5,589	-5,895	306	5

na not applicable
- nil or rounded to zero (including null cells)
(a) For sign conventions, see the Explanatory notes.

Goods and services credits (exports), seasonally adjusted

Goods credits

	Seasonally Adjusted ($m)	Trend (a) ($m)
Feb-18	26,985	26,555
Mar-18	26,728	27,050
Apr-18	27,096	27,589
May-18	28,105	28,163
Jun-18	29,099	28,795
Jul-18	29,477	29,401
Aug-18	29,978	29,882
Sep-18	30,116	30,176
Oct-18	30,702	30,358
Nov-18	30,649	30,496
Dec-18	30,151	30,670
Jan-19	31,305	30,940
Feb-19	31,420	31,393
Mar-19	30,336	-
Apr-19	31,473	-
May-19	33,937	-
Jun-19	34,212	-
Jul-19	35,078	-
Aug-19	33,279	-
Sep-19	33,867	-
Oct-19	31,591	-
Nov-19	31,875	-
Dec-19	32,119	-
Jan-20	30,775	-
Feb-20	28,434	-
Mar-20	34,283	-
Apr-20	31,693	-
May-20	29,177	-
Jun-20	29,465	-
Jul-20	28,839	-
Aug-20	27,854	-
Sep-20	28,598	-
Oct-20	30,372	-
Nov-20	31,567	-
Dec-20	33,337	-
Jan-21	34,605	-
Feb-21	34,763	-
Mar-21	34,315	-
Apr-21	35,742	-
May-21	37,274	-
Jun-21	38,907	-
Jul-21	41,102	-
Aug-21	42,078	-
Sep-21	39,195	-
Oct-21	38,786	-
Nov-21	40,603	-
Dec-21	41,089	-
Jan-22	43,810	-
Feb-22	43,974	-

["","Seasonally Adjusted","Trend (a)"]

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(a) Trend series suspended from March 2019.

Goods credits, seasonally adjusted
			Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)	Jan-22 to Feb-22 ($m)	Jan-22 to Feb-22 (%)
Total goods credits			41,089	43,810	43,974	164	-
	General merchandise		38,761	41,817	41,615	-202	-
		Rural goods	5,199	5,645	5,828	183	3
		Non-rural goods	33,562	36,173	35,788	-385	-1
	Net exports of goods under merchanting(a)		31	24	31	7	29
	Non-monetary gold(a)		2,297	1,969	2,328	359	18

- nil or rounded to zero (including null cells)
(a) This component is not seasonally adjusted.

Rural goods

Rural goods, seasonally adjusted
	Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)	Jan-22 to Feb-22 ($m)	Jan-22 to Feb-22 (%)
Rural goods	5,199	5,645	5,828	183	3
	Meat and meat preparations	1,320	1,362	1,379	17	1
	Cereal grains and cereal preparations	1,514	1,404	1,617	213	15
	Wool and sheepskins	276	274	295	21	8
	Other rural(a)	2,089	2,605	2,537	-68	-3

Non-rural goods

Non-rural goods, seasonally adjusted
		Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)	Jan-22 to Feb-22 ($m)	Jan-22 to Feb-22 (%)
Non-rural goods	33,562	36,173	35,788	-385	-1
	Metal ores and minerals	12,882	14,356	14,028	-328	-2
	Coal, coke and briquettes	7,810	8,558	8,725	167	2
	Other mineral fuels(a)	7,129	6,784	6,844	60	1
	Metals (excl. non-monetary gold)	1,079	1,203	1,154	-49	-4
	Machinery	946	1,123	955	-168	-15
	Transport equipment	333	402	415	13	3
	Other manufactures	1,931	2,181	2,078	-103	-5
	Other non-rural (incl. sugar and beverages)(b)	1,209	1,299	1,261	-38	-3
	Goods procured in ports by carriers(a)	243	267	328	61	23

Services credits

	Seasonally Adjusted ($m)	Trend (a) ($m)
Feb-18	7,539	7,416
Mar-18	7,518	7,510
Apr-18	7,578	7,585
May-18	7,613	7,642
Jun-18	7,695	7,693
Jul-18	7,715	7,748
Aug-18	7,835	7,808
Sep-18	7,872	7,868
Oct-18	7,955	7,927
Nov-18	7,966	7,984
Dec-18	8,009	8,043
Jan-19	8,096	8,104
Feb-19	8,237	8,168
Mar-19	8,208	-
Apr-19	8,290	-
May-19	8,390	-
Jun-19	8,476	-
Jul-19	8,549	-
Aug-19	8,638	-
Sep-19	8,671	-
Oct-19	8,752	-
Nov-19	8,763	-
Dec-19	8,770	-
Jan-20	8,198	-
Feb-20	7,465	-
Mar-20	6,894	-
Apr-20	5,462	-
May-20	5,560	-
Jun-20	5,760	-
Jul-20	5,278	-
Aug-20	5,093	-
Sep-20	5,278	-
Oct-20	5,365	-
Nov-20	5,439	-
Dec-20	5,399	-
Jan-21	5,301	-
Feb-21	5,112	-
Mar-21	5,006	-
Apr-21	4,962	-
May-21	5,148	-
Jun-21	5,297	-
Jul-21	4,846	-
Aug-21	4,717	-
Sep-21	4,849	-
Oct-21	4,584	-
Nov-21	4,661	-
Dec-21	4,753	-
Jan-22	4,839	-
Feb-22	4,794	-

["","Seasonally Adjusted","Trend (a)"]

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(a) Trend series suspended from March 2019.

Services credits, seasonally adjusted
			Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)	Jan-22 to Feb-22 ($m)	Jan-22 to Feb-22 (%)
Total services credits			4,753	4,839	4,794	-45	-1
	Manufacturing services on physical inputs owned by others(a)		-	-	-	-	-
	Maintenance and repair services n.i.e.(a)		5	6	1	-5	-83
	Transport		342	348	355	7	2
		Passenger(b)(c)	23	23	28	5	22
		Freight(d)	29	30	30	-	-
		Other	159	161	161	-	-
		Postal and courier services(e)	131	135	136	1	1
	Travel(c)		1,639	1,699	1,636	-63	-4
	Other services		2,768	2,785	2,803	18	1
Memorandum item
	Tourism related services credits(f)		1,661	1,721	1,664	-57	-3

- nil or rounded to zero (including null cells)
(a) This component is not seasonally adjusted.
(b) Passenger transportation services includes agency fees and commissions for air transport.
(c) This component has been seasonally adjusted using the forward factor method since March 2020 due to the impacts of COVID-19.
(d) In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
(e) Postal and courier services includes indirect commissions for sea transport.
(f) For a more detailed explanation of tourism related services, see the Explanatory notes.

Goods and services debits (imports), seasonally adjusted

Goods debits

	Seasonally Adjusted ($m)	Trend (a) ($m)
Feb-18	25,958	25,906
Mar-18	26,146	26,137
Apr-18	25,397	26,323
May-18	26,793	26,508
Jun-18	27,181	26,768
Jul-18	26,603	27,013
Aug-18	27,181	27,112
Sep-18	26,814	27,066
Oct-18	27,234	26,893
Nov-18	27,315	26,686
Dec-18	24,935	26,566
Jan-19	26,973	26,537
Feb-19	26,697	26,581
Mar-19	26,397	-
Apr-19	26,838	-
May-19	27,119	-
Jun-19	26,488	-
Jul-19	26,681	-
Aug-19	26,846	-
Sep-19	27,457	-
Oct-19	27,515	-
Nov-19	26,183	-
Dec-19	26,395	-
Jan-20	25,486	-
Feb-20	24,645	-
Mar-20	24,979	-
Apr-20	25,264	-
May-20	24,016	-
Jun-20	24,196	-
Jul-20	25,808	-
Aug-20	26,296	-
Sep-20	24,368	-
Oct-20	25,064	-
Nov-20	27,351	-
Dec-20	26,253	-
Jan-21	26,061	-
Feb-21	27,078	-
Mar-21	28,457	-
Apr-21	27,472	-
May-21	28,253	-
Jun-21	28,476	-
Jul-21	28,488	-
Aug-21	29,763	-
Sep-21	28,360	-
Oct-21	27,959	-
Nov-21	30,491	-
Dec-21	32,258	-
Jan-22	31,274	-
Feb-22	35,417	-

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(a) Trend series suspended from March 2019.

Goods debits (imports) (a), seasonally adjusted
			Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)	Jan-22 to Feb-22 ($m)	Jan-22 to Feb-22 (%)
Total goods debits			-32,258	-31,274	-35,417	4,143	13
	General merchandise debits		-31,687	-30,760	-34,835	4,075	13
		Consumption goods	-9,739	-9,867	-11,498	1,631	17
		Capital goods	-7,596	-7,258	-7,398	140	2
		Intermediate and other merchandise goods	-14,352	-13,636	-15,938	2,302	17
	Non-monetary gold(b)		-571	-514	-582	68	13

(a) For sign conventions, see the Explanatory notes.
(b) This component is not seasonally adjusted.

Consumption goods

Consumption goods(a), seasonally adjusted
	Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)	Jan-22 to Feb-22 ($m)	Jan-22 to Feb-22 (%)
Consumption goods	-9,739	-9,867	-11,498	1,631	17
	Food and beverages, mainly for consumption	-1,338	-1,410	-1,515	105	7
	Household electrical items	-588	-617	-756	139	23
	Non-industrial transport equipment	-2,231	-2,247	-2,718	471	21
	Textiles, clothing and footwear	-1,729	-1,698	-2,052	354	21
	Toys, books and leisure goods	-703	-691	-777	86	12
	Consumption goods n.e.s.	-3,150	-3,202	-3,682	480	15

Capital goods

Capital goods(a), seasonally adjusted
	Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)	Jan-22 to Feb-22 ($m)	Jan-22 to Feb-22 (%)
Capital goods	-7,596	-7,258	-7,398	140	2
	Machinery and industrial equipment	-2,260	-2,330	-2,437	107	5
	ADP equipment	-1,286	-1,291	-1,293	2	-
	Telecommunications equipment	-1,325	-1,228	-1,407	179	15
	Civil aircraft and confidentialised items(b)(c)	-785	-755	-295	-460	-61
	Industrial transport equipment n.e.s.	-1,396	-1,304	-1,263	-41	-3
	Capital goods n.e.s.(d)	-545	-350	-704	354	101

Intermediate and other merchandise goods

Intermediate and other merchandise goods(a), seasonally adjusted
	Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)	Jan-22 to Feb-22 ($m)	Jan-22 to Feb-22 (%)
Intermediate and other merchandise goods	-14,352	-13,636	-15,938	2,302	17
	Food and beverages, mainly for industry	-197	-204	-207	3	1
	Primary industrial supplies n.e.s.(b)	-204	-180	-156	-24	-13
	Fuels and lubricants(c)	-3,939	-3,510	-4,142	632	18
	Parts for transport equipment	-1,270	-1,234	-1,290	56	5
	Parts for ADP equipment	-90	-90	-93	3	3
	Other parts for capital goods	-1,887	-1,810	-1,932	122	7
	Organic and inorganic chemicals	-637	-569	-585	16	3
	Paper and paperboard	-224	-185	-220	35	19
	Textile yarn and fabrics	-152	-144	-163	19	13
	Iron and steel	-516	-485	-478	-7	-1
	Plastics	-536	-477	-561	84	18
	Processed industrial supplies n.e.s.	-4,643	-4,725	-6,071	1,346	28
	Other merchandise goods(d)	-52	-17	-32	15	88
	Goods procured in ports by carriers(e)	-5	-6	-8	2	33

Services debits

	Seasonally Adjusted ($m)	Trend (a) ($m)
Feb-18	8,041	8,018
Mar-18	8,153	8,108
Apr-18	8,149	8,180
May-18	8,177	8,244
Jun-18	8,302	8,308
Jul-18	8,453	8,366
Aug-18	8,396	8,414
Sep-18	8,407	8,446
Oct-18	8,489	8,459
Nov-18	8,524	8,461
Dec-18	8,391	8,470
Jan-19	8,478	8,489
Feb-19	8,479	8,512
Mar-19	8,552	-
Apr-19	8,624	-
May-19	8,599	-
Jun-19	8,475	-
Jul-19	8,558	-
Aug-19	8,645	-
Sep-19	8,569	-
Oct-19	8,492	-
Nov-19	8,409	-
Dec-19	8,666	-
Jan-20	8,649	-
Feb-20	8,401	-
Mar-20	6,034	-
Apr-20	3,826	-
May-20	3,816	-
Jun-20	3,839	-
Jul-20	3,752	-
Aug-20	3,798	-
Sep-20	3,735	-
Oct-20	4,002	-
Nov-20	4,144	-
Dec-20	4,162	-
Jan-21	4,042	-
Feb-21	4,082	-
Mar-21	4,083	-
Apr-21	4,174	-
May-21	4,269	-
Jun-21	4,369	-
Jul-21	4,502	-
Aug-21	4,591	-
Sep-21	4,735	-
Oct-21	4,915	-
Nov-21	5,281	-
Dec-21	5,348	-
Jan-22	5,589	-
Feb-22	5,895	-

["","Seasonally Adjusted","Trend (a)"]

[["Feb-18","Mar-18","Apr-18","May-18","Jun-18","Jul-18","Aug-18","Sep-18","Oct-18","Nov-18","Dec-18","Jan-19","Feb-19","Mar-19","Apr-19","May-19","Jun-19","Jul-19","Aug-19","Sep-19","Oct-19","Nov-19","Dec-19","Jan-20","Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22"],[[8041],[8153],[8149],[8177],[8302],[8453],[8396],[8407],[8489],[8524],[8391],[8478],[8479],[8552],[8624],[8599],[8475],[8558],[8645],[8569],[8492],[8409],[8666],[8649],[8401],[6034],[3826],[3816],[3839],[3752],[3798],[3735],[4002],[4144],[4162],[4042],[4082],[4083],[4174],[4269],[4369],[4502],[4591],[4735],[4915],[5281],[5348],[5589],[5895]],[[8018],[8108],[8180],[8244],[8308],[8366],[8414],[8446],[8459],[8461],[8470],[8489],[8512],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null],[null]]]

[]

[{"axis_id":"0","tick_interval":"12","axis_min":"","axis_max":"","axis_title":"","precision":-1,"axis_units":"","tooltip_units":"","table_units":"","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"value":"0","axis_id":"0","axis_title":"$m","axis_units":"","tooltip_units":"(m)","table_units":"($m)","axis_min":null,"axis_max":null,"tick_interval":null,"precision":"-1","data_unit_prefix":"$","data_unit_suffix":"","reverse_axis":false}]

(a) Trend series suspended from March 2019.

Services debits(a), seasonally adjusted
			Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)	Jan-22 to Feb-22 ($m)	Jan-22 to Feb-22 (%)
Total services debits			-5,348	-5,589	-5,895	306	5
	Manufacturing services on physical inputs owned by others(b)		-	-	-	-	-
	Maintenance and repair services n.i.e.(b)		-25	-30	-20	-10	-33
	Transport		-2,147	-2,336	-2,617	281	12
		Passenger(c)(d)	-175	-211	-223	12	6
		Freight	-1,928	-2,074	-2,341	267	13
		Other(b)	-17	-16	-16	-	-
		Postal and courier services(e)(f)	-27	-36	-37	1	3
	Travel(d)		-112	-114	-158	44	39
	Other services		-3,065	-3,108	-3,101	-7	-
Memorandum item
	Tourism related services debits(g)		-287	-325	-380	55	17

- nil or rounded to zero (including null cells).
(a) For sign conventions, see the Explanatory Notes.
(b) This component is not seasonally adjusted.
(c) Passenger services includes agency fees and commissions for air transport.
(d) This component has been seasonally adjusted using the forward factor method since March 2020 due to the impacts of COVID-19.
(e) Postal and courier services includes indirect commissions for sea transport.
(f) In using these seasonally adjusted series, care should be exercised because of the difficulties associated with reliably estimating the seasonal pattern.
(g) For a more detailed explanation of tourism related services, see the Explanatory notes.

Post release changes

08/04/2022 - The February 2022 value for Processed industrial supplies n.e.s. debits has been updated with the correct sign convention.

Previous catalogue number

This release previously used catalogue number 5368.0.

Supplementary information

Selected commodities

Selected commodities, quantities (a)
	Sep-21 (%)	Oct-21 (%)	Nov-21 (%)	Dec-21 (%)	Jan-22 (%)	Feb-22 (%)
Iron ore - Lump	3	-15	16	9	-17	-18
Iron ore - Fines	6	-2	-6	15	-8	-16
Coal - Hard coking	-9	7	-10	7	3	-17
Coal - Semi-soft	11	-6	-5	-14	13	-4
Coal - Thermal	-5	-7	-1	5	2	-18
Gas - LNG	-2	3	-2	-	-8	2

- nil or rounded to zero (including null cells)
(a) Data in this table is on a revised international merchandise trade basis and excludes value adjustments applied to balance of payments series.

Selected commodities, unit values (a)
	Sep-21 (%)	Oct-21 (%)	Nov-21 (%)	Dec-21 (%)	Jan-22 (%)	Feb-22 (%)
Iron ore - Lump	-27	-8	-12	10	17	13
Iron ore - Fines	-27	-19	-11	14	21	12
Coal - Hard coking	20	30	15	-3	-31	11
Coal - Semi-soft	11	24	19	2	-18	3
Coal - Thermal	8	19	12	-11	10	7
Gas - LNG	10	10	13	-	2	-7

- nil or rounded to zero (including null cells)
(a) Data in this table is on a revised international merchandise trade basis and excludes value adjustments applied to balance of payments series.

Selected commodity movements

On an international merchandise trade basis, in original terms (noting the footnote in the above table), between January 2022 and February the largest movements recorded for the following selected commodities were:

Iron ore (lump), movement by country, Jan-22 to Feb-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (lump) - Total movement	-181	-7	-18	13
China (excludes SARs and Taiwan)	-213	-11	-24	18
Japan	-87	-25	-12	-15
Korea, Republic of (South)	35	30	20	8
Taiwan	69	62	38	18

Iron ore (fines), movement by country, Jan-22 to Feb-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Iron ore (fines) - Total movement	-432	-6	-16	12
China (excludes SARs and Taiwan)	-304	-5	-16	13
Japan	-105	-23	-23	-1
Korea, Republic of (South)	-65	-15	-18	4
United Kingdom, Channel Islands and Isle of Man, nfd	-25	-100	-100	-
Vietnam	80	105	63	26

Hard coking (high rank) coal, Jan-22 to Feb-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
High rank coal - Total movement	-227	-8	-17	11
India	-183	-20	-19	-1
France (includes Andorra and Monaco)	-84	-49	-39	-17
Brazil	-75	-82	-71	-37
Poland	73	216	47	115
Germany	74	-	-	-

Semi soft coal, movement by country, Jan-22 to Feb-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Semi soft coal - Total movement	-10	-1	-4	3
Taiwan	-52	-46	-47	1
Japan	-47	-12	-24	15
Korea, Republic of (South)	-29	-10	-17	8
Vietnam	33	83	106	-11
Netherlands	68	-	-	-

Thermal Coal, movement by country, Jan-22 to Feb-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Thermal coal - Total movement	-458	-13	-18	7
Korea, Republic of (South)	-367	-47	-46	-2
Taiwan	-168	-43	-43	-
Indonesia	-72	-86	-72	-49
India	55	49	10	36
Malaysia	140	167	122	20

Liquid Natural Gas, total movement, Jan-22 to Feb-22
	Value ($m)	Value (%)	Quantity (%)	Unit Value (%)
Liquid Natural Gas (LNG) - Total movement	-316	-5	2	-7

- nil or rounded to zero (including null cells)

Selected commodities, quantity and unit value analysis - International merchandise trade basis: Original terms

International merchandise trade exports data presented in the above tables are based on information reported by exporters to the Department of Home Affairs (Home Affairs). For commodities such as iron ore and coal, newly negotiated contract prices are not fully reflected in data first reported to Home Affairs. Final quantity and/or unit price information is updated progressively in international merchandise trade data as exporters revise the information provided to Home Affairs. When additional information for these commodities is available, the ABS may adjust the data to reflect actual transaction values.

Unit values in this publication are presented in Australian dollar terms. Movements in the unit values for some commodities incorporate movements in the United States dollar prices reported to Home Affairs and movements in the Australian dollar to United States dollar exchange rate.

Value adjustments

Goods credits on an international merchandise trade basis

On a merchandise trade basis, adjustments have been applied to iron ore lump and iron ore fines. When actual final transaction prices become available estimates are replaced with these data. For price and volume details, see the Selected commodities section.

Iron Ore Adjustment, Original Terms
	Aug-21 ($m)	Sep-21 ($m)	Oct-21 ($m)	Nov-21 ($m)	Dec-21 ($m)	Jan-22 ($m)	Feb-22 ($m)
Iron ore lump	-10	-25	-50	0	50	-35	30
Iron ore fines	-10	-55	0	100	135	25	200

Goods credits on a balance of payments basis

Coal (in original terms)

On a balance of payments basis, adjustments have been applied to the coal, coke and briquettes component in November (+$20m), December (+$80m) 2021, January (+$1,285m) and February (+$1,055m) 2022. This adjustment takes into account additional information on the unit value of hard coking, semi-soft and thermal coal exports. All previous adjustments have been removed.

In the international merchandise trade series, the unit value of coal, coke and briquettes fell 13.3% between December 2021 and January 2022 and rose 8.1% between January 2022 and February 2022.

In the balance of payments series, the unit value of coal, coke and briquettes rose 1.3% between December 2021 and January 2022 and rose 6.6% between between January and February 2022.

International merchandise trade exports data presented in this publication are based on information reported by exporters to the Department of Home Affairs (Home Affairs). At the time of initial reporting to Home Affairs, the final prices at which transactions take place are not known for some commodities. Final quantity and/or unit price information is updated progressively in international merchandise trade data as exporters revise the information provided to Home Affairs.

For commodities such as iron ore and coal, newly negotiated contract prices are not fully reflected in data first reported to Home Affairs. When additional information on quantity and/or unit price for these commodities is available, the ABS may adjust the data to reflect actual transaction values.

Iron ore adjustments are applied on an international merchandise trade basis at the Australian Harmonized Export Commodity Classification (AHECC) level. Coal, coke and briquettes are adjusted on a balance of payments basis in current price, original terms. When actual final transaction prices become available estimates are replaced with these data.

In most instances, transfer of ownership occurs when goods cross the customs frontier. In certain circumstances the change of ownership of large value capital expenditure items can occur prior to the items crossing the customs frontier. The ABS may adjust the relevant balance of payments series to record the timing when transfer of ownership was affected.

Revisions

Data downloads

Download all (11.52 MB)

Time series spreadsheets

Data files

Table 1. Goods and services, summary - seasonally adjusted and trend estimates, current prices
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Table 2. Goods and services, summary - original, current prices
Download xlsx [127.69 KB]
Table 3. Goods credits, original, current prices
Download xlsx [127.43 KB]
Table 4. Goods debits, original, current prices
Download xlsx [262.73 KB]
Table 5. Goods credits, seasonally adjusted, current prices
Download xlsx [122.41 KB]
Table 6. Goods debits, seasonally adjusted, current prices
Download xlsx [261.46 KB]
Table 7. Goods credits, trend estimates, current prices
Download xlsx [140.98 KB]
Table 8. Goods debits, trend estimates, current prices
Download xlsx [294.47 KB]
Table 9. Services, summary - original, current prices
Download xlsx [162.06 KB]
Table 10. Services, summary - seasonally adjusted and trend estimates, current prices
Download xlsx [298.26 KB]
Table 11a. Services credits, original, current prices - quarterly
Download xlsx [419.21 KB]
Table 11b. Services debits, original, current prices - quarterly
Download xlsx [412.56 KB]
Table 12a. Merchandise exports, standard international trade classification (1 and 2 digit), FOB value
Download xlsx [234.03 KB]
Table 12b. Merchandise exports, standard international trade classification (3 digit), FOB value
Download xlsx [605.82 KB]
Table 13a. Merchandise imports, standard international trade classification (1 and 2 digit), customs value
Download xlsx [235.03 KB]
Table 13b. Merchandise imports, standard international trade classification (3 digit), customs value
Download xlsx [631.54 KB]
Table 14a. Merchandise exports, country and country groups, FOB value
Download xlsx [537.41 KB]
Table 14b. Merchandise imports, country and country groups, customs value
Download xlsx [527.09 KB]
Table 15a. Merchandise exports, state and Australia, FOB value
Download xlsx [79.74 KB]
Table 15b. Merchandise imports, state and Australia, customs value
Download xlsx [76.83 KB]
Table 16. Period average exchange rates, units of foreign currency per Australian dollar
Download xlsx [86.62 KB]
Table 17. Summary of revisions, goods and services
Download xlsx [82.58 KB]
Table 31. Merchandise exports, broad economic category, FOB value
Download xlsx [99.68 KB]
Table 32a. Merchandise exports, industry (ANZSIC 2006), FOB value
Download xlsx [81.97 KB]
Table 32b. Merchandise exports, industry (ANZSIC 1993), FOB value
Download xlsx [79.52 KB]
Table 33. Merchandise imports, broad economic category, customs value
Download xlsx [100.22 KB]
Table 34. Merchandise imports, balance of payments broad economic category, customs value
Download xlsx [284.64 KB]
Table 35a. Merchandise imports, industry (ANZSIC 2006), customs value
Download xlsx [81.76 KB]
Table 35b. Merchandise imports, industry (ANZSIC 1993), customs value
Download xlsx [78.68 KB]
Table 36a. Merchandise exports, state of origin New South Wales, by country and country groups, FOB value
Download xlsx [485.44 KB]
Table 36b. Merchandise exports, state of origin Victoria, by country and country groups, FOB value
Download xlsx [489.23 KB]
Table 36c. Merchandise exports, state of origin Queensland, by country and country groups, FOB value
Download xlsx [477 KB]
Table 36d. Merchandise exports, state of origin South Australia, by country and country groups, FOB value
Download xlsx [457.5 KB]
Table 36e. Merchandise exports, state of origin Western Australia, by country and country groups, FOB value
Download xlsx [480.36 KB]
Table 36f. Merchandise exports, state of origin Tasmania, by country and country groups, FOB value
Download xlsx [421.07 KB]
Table 36g. Merchandise exports, state of origin Northern Territory, by country and country groups, FOB value
Download xlsx [403.02 KB]
Table 36h. Merchandise exports, state of origin Australian Capital Territory, by country and country groups, FOB value
Download xlsx [355.28 KB]
Table 36i. Merchandise exports, state of origin not available, by country and country groups, FOB value
Download xlsx [358.49 KB]
Table 36j. Merchandise exports, re-exports, by country and country groups, FOB value
Download xlsx [449.29 KB]
Table 37a. Merchandise imports, state of destination New South Wales, by country and country groups, customs value
Download xlsx [498.8 KB]
Table 37b. Merchandise imports, state of destination Victoria, by country and country groups, customs value
Download xlsx [493.04 KB]
Table 37c. Merchandise imports, state of destination Queensland, by country and country groups, customs value
Download xlsx [471.15 KB]
Table 37d. Merchandise imports, state of destination South Australia, by country and country groups, customs value
Download xlsx [447.46 KB]
Table 37e. Merchandise imports, state of destination Western Australia, by country and country groups, customs value
Download xlsx [464.01 KB]
Table 37f. Merchandise imports, state of destination Tasmania, by country and country groups, customs value
Download xlsx [405.69 KB]
Table 37g. Merchandise imports, state of destination Northern Territory, by country and country groups, customs value
Download xlsx [397.09 KB]
Table 37h. Merchandise imports, state of destination Australian Capital Territory, by country and country groups, customs value
Download xlsx [354.72 KB]
Table 37i. Merchandise imports, state of destination not available, by country and country groups, customs value
Download xlsx [352.87 KB]
Table 91. Monthly combined seasonal adjustment factors
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Download all (1.04 MB)

Data Cubes

Data files

Table 18. Balance of payments broad economic categories (detailed level), by country, latest 7 months, customs value, ($million)
Download xlsx [1.03 MB]
Table 19. Balance of payments broad economic categories (1 and 2 digit), by country, latest 7 months, customs value, ($million)
Download xlsx [1.2 MB]

Methodology

International Trade in Goods and Services, Australia methodology, February 2022

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APA

International Trade in Goods and Services, Australia

APA

Key statistics

Main features

COVID-19

Suspension of trend estimates

Seasonal adjustment and COVID-19

Quality of international trade in services statistics

Changes to timing of release of International Trade, Supplementary Information, financial year (2020-21) and calendar year (2021)

Changes in this issue

Upcoming changes to the International Merchandise Trade: Confidential Commodities List

Balance on goods and services

Goods and services credits (exports), seasonally adjusted

Goods credits

Rural goods

Non-rural goods

Services credits

Goods and services debits (imports), seasonally adjusted

Goods debits

Consumption goods

Capital goods

Intermediate and other merchandise goods

Services debits

Post release changes

Previous catalogue number

Supplementary information

Selected commodities

Selected commodity movements

Selected commodities, quantity and unit value analysis - International merchandise trade basis: Original terms

Value adjustments

Goods credits on an international merchandise trade basis

Goods credits on a balance of payments basis

Revisions

Data downloads

Time series spreadsheets

Table 1. Goods and services, summary - seasonally adjusted and trend estimates, current prices

Table 2. Goods and services, summary - original, current prices

Table 3. Goods credits, original, current prices

Table 4. Goods debits, original, current prices

Table 5. Goods credits, seasonally adjusted, current prices

Table 6. Goods debits, seasonally adjusted, current prices

Table 7. Goods credits, trend estimates, current prices

Table 8. Goods debits, trend estimates, current prices

Table 9. Services, summary - original, current prices

Table 10. Services, summary - seasonally adjusted and trend estimates, current prices

Table 11a. Services credits, original, current prices - quarterly

Table 11b. Services debits, original, current prices - quarterly

Table 12a. Merchandise exports, standard international trade classification (1 and 2 digit), FOB value

Table 12b. Merchandise exports, standard international trade classification (3 digit), FOB value

Table 13a. Merchandise imports, standard international trade classification (1 and 2 digit), customs value

Table 13b. Merchandise imports, standard international trade classification (3 digit), customs value

Table 14a. Merchandise exports, country and country groups, FOB value

Table 14b. Merchandise imports, country and country groups, customs value

Table 15a. Merchandise exports, state and Australia, FOB value

Table 15b. Merchandise imports, state and Australia, customs value

Table 16. Period average exchange rates, units of foreign currency per Australian dollar

Table 17. Summary of revisions, goods and services

Table 31. Merchandise exports, broad economic category, FOB value

Table 32a. Merchandise exports, industry (ANZSIC 2006), FOB value

Table 32b. Merchandise exports, industry (ANZSIC 1993), FOB value

Table 33. Merchandise imports, broad economic category, customs value

Table 34. Merchandise imports, balance of payments broad economic category, customs value

Table 35a. Merchandise imports, industry (ANZSIC 2006), customs value

Table 35b. Merchandise imports, industry (ANZSIC 1993), customs value

Table 36a. Merchandise exports, state of origin New South Wales, by country and country groups, FOB value

Table 36b. Merchandise exports, state of origin Victoria, by country and country groups, FOB value

Table 36c. Merchandise exports, state of origin Queensland, by country and country groups, FOB value

Table 36d. Merchandise exports, state of origin South Australia, by country and country groups, FOB value

Table 36e. Merchandise exports, state of origin Western Australia, by country and country groups, FOB value

Table 36f. Merchandise exports, state of origin Tasmania, by country and country groups, FOB value

Table 36g. Merchandise exports, state of origin Northern Territory, by country and country groups, FOB value

Table 36h. Merchandise exports, state of origin Australian Capital Territory, by country and country groups, FOB value

Table 36i. Merchandise exports, state of origin not available, by country and country groups, FOB value

Table 36j. Merchandise exports, re-exports, by country and country groups, FOB value

Table 37a. Merchandise imports, state of destination New South Wales, by country and country groups, customs value

Table 37b. Merchandise imports, state of destination Victoria, by country and country groups, customs value

Table 37c. Merchandise imports, state of destination Queensland, by country and country groups, customs value

Table 37d. Merchandise imports, state of destination South Australia, by country and country groups, customs value

Table 37e. Merchandise imports, state of destination Western Australia, by country and country groups, customs value